The IS-51165 company uses traditional job-order costing with direct labor cost as the allocation base. The company reports the following information for last year:

Direct labor cost	$ 86,000
Raw material purchases	$ 140,000
Manufacturing overhead applied to work in process	$ 222,000
Actual manufacturing overhead costs	$ 208,000

Inventories	Beginning	Ending
Raw materials	$ 8,100	$ 10,900
Work in process	$ 5,500	$ 20,700
Finished goods	$ 73,000	$ 25,500

The company closes out any underapplied or overapplied overhead to Cost of Goods Sold. What was the IS-51165 company's adjusted Cost of Goods Sold for last year?

multiple choice

$ 484,500

$ 471,700

$ 446,000

$ 463,500